Russell Investments Group Ltd. Lowers Stake in FactSet Research Systems Inc. (NYSE:FDS)

Russell Investments Group Ltd. decreased its position in FactSet Research Systems Inc. (NYSE:FDS) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,721 shares of the business services provider’s stock after selling 3,228 shares during the quarter. Russell Investments Group Ltd.’s holdings in FactSet Research Systems were worth $15,609,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of FactSet Research Systems by 6.5% in the 4th quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock valued at $179,000 after buying an additional 23 shares during the period. Drive Wealth Management LLC grew its position in FactSet Research Systems by 5.2% in the 4th quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 24 shares in the last quarter. Institutional & Family Asset Management LLC increased its stake in FactSet Research Systems by 0.3% during the third quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider’s stock worth $4,224,000 after purchasing an additional 29 shares during the period. CENTRAL TRUST Co lifted its position in shares of FactSet Research Systems by 23.0% during the fourth quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock worth $74,000 after purchasing an additional 29 shares in the last quarter. Finally, Palisade Asset Management LLC boosted its stake in shares of FactSet Research Systems by 2.6% in the third quarter. Palisade Asset Management LLC now owns 1,185 shares of the business services provider’s stock valued at $518,000 after purchasing an additional 30 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the sale, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at approximately $30,204. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,330 shares of company stock valued at $2,740,515. 1.00% of the stock is currently owned by company insiders.

FactSet Research Systems Trading Up 1.2 %

Shares of FactSet Research Systems stock opened at $428.24 on Friday. The company has a fifty day simple moving average of $447.66 and a 200-day simple moving average of $454.14. FactSet Research Systems Inc. has a 12-month low of $380.96 and a 12-month high of $488.64. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a market cap of $16.32 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.66 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. On average, equities analysts forecast that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.16 dividend on an annualized basis and a yield of 0.97%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is currently 31.04%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Wolfe Research began coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average target price of $442.70.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.